Class 8 used truck sales beat expectations with 7.4% jump in May

Class 8 used truck sales beat expectations with 7.4% jump in May

Based on a soft freight environment, flat freight rates and elevated borrowing costs, ACT Research was expecting to see a roughly 6% decline.

Preliminary Class 8 same-dealer used truck retail sales volumes increased by 7.4% in May, counter to expectations, according to ACT Research.

“Besides a soft freight environment, flat freight rates, and elevated borrowing costs, seasonality called for about a 6% decline,” according to Steve Tam, vice president at ACT Research. “Auction volumes rebounded heartily from April’s post quarter-end hangover, adding 38% m/m in May. Wholesale activity floated higher, gaining 1.9% month-over-month.

“May retail sales are typically six percentage points below normal. Second quarter sales tend to be pretty average, with June as the epitome of average. Sales are also usually unremarkable in July,” Tam concluded.

You May Also Like

Peterbilt delivers Model 520EVs to Waste Connections of New York

Peterbilt says the Model 520EV can fully charge within 3 hours, and handle 1,100 trash bins on a single charge.

Peterbilt-Model-520EVs-Delivered-to-Waste-Connections-of-New-York

Peterbilt delivered two Model 520EVs to Waste Connections of New York, Inc., a solid waste and recycling services provider based in New York City. The vehicles, which the company said will be used for residential trash collection in the Bronx, are part of the company's efforts to lower carbon emissions.

Trucking through the heat: Why battery performance matters more than ever

Extreme temperatures can hurt battery performance and pose safety risks. Dragonfly says the answer lies in different battery chemistry.

Dragonfly-Battle-born-battery-APU-installed-driver
Navigating fluid options to raise efficiency and reduce downtime

ICE technology is changing, and Valvoline and Cummins say oil plays an important role in your fleet’s efficiency and uptime.

Valvoline-Cummins-oil-ICE-changes-webinar
FTR’s Shippers Conditions Index rises to 3.0 in April

The company predicts some rating deterioration in the months ahead, but doesn’t expect the SCI to dip into the negatives.

FTR-April-24-Shippers-Condition-Index
Volvo electric trucks pass milestone with more than 80,000,000 km driven

Compared to diesel-powered trucks, Volvo said its electric trucks have reduced CO2 emissions by 68,000 tons since 2019.

Volvo-electric-trucks-80000-km-driven
Other Posts
Class 8 truck preliminary orders fall in June

While down both m/m and y/y, FTR said order levels are in line with historical averages and seasonal expectations.

FTR-June-24-Prelim-Class-8-orders
Scania BEV trucks begin transporting goods for IKEA in Portugal

Scania said beginning an EV rollout in Portugal is challenging, as its EV infrastructure is still developing.

Scania-KLOG-IKEA-Portugal
Accelera, Daimler Truck N.A., PACCAR battery plant breaks ground

Construction is underway for the $2-3B plant, which will employ over 2,000 people. LFP Battery cell production is slated for 2027.

Amplify-Battry-plant-groundbreaking-daimler-paccar-accelera-1
Kenworth offers OOIDA members $1,000 savings on new sleeper trucks

Buyers can use the discount on new or special order Kenworth T680, T880 and W990 trucks with a 52-in. or larger factory-installed sleeper.

Kenworth-T880-mid-roof-sleeper-truck